Removal from the Sainsbury's Bank and other lender panels: Why they do it and how to get reinstated
- Failure to act in accordance with the Sainsbury's Bank panel terms, the written instructions that Sainsbury's Bank provide and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Sainsbury's Bank may subsequently adopt.
- Persistent non-compliance with post completion requirements set by Sainsbury's Bank
- Failure to reapply to be on the Sainsbury's Bank convincing panel
- Recurring delays in registering a charge on behalf of Sainsbury's Bank Delays or failure to register the Sainsbury's Bank charge may result in referral to external lawyers of Sainsbury's Bank to complete outstanding requirements.
- Sainsbury's Bank may terminate membership of its conveyancing panel where a firm provides false answers in its application form or in relation to any future requests for information.
Sainsbury's Bank Conveyancing Panel Reinstatement: Common Questions
- Please can you set out the application process to be reinstated onto the Sainsbury's Bank conveyancing panel?
- To what extent is my firm permanently excluded if our reinstatement panel submission with Sainsbury's Bank is declined?
- What are the next steps open to me if our Sainsbury's Bank panel reinstatement application is rejected and the client of the firm has a mortgage offer with the Sainsbury's Bank?
- Can we act for Sainsbury's Bank while the appeal for reinstatement on the Sainsbury's Bank panel is being reviewed? How do I find out if our reinstatement application to the Sainsbury's Bank panel is approved?
- What times frames are involved when applying to revert back onto the Sainsbury's Bank conveyancing panel?
Top Tip: The best way to avoid the hassle of seeking Sainsbury's Bank panel reinstatement is to ensure that your firm is not removed off of the Sainsbury's Bank conveyancing panel in the first place.
Note: Subject to certain conditions Lexsure’s experts or consultants can assist in providing you with guidance for reinstatement onto the Sainsbury's Bank conveyancing panel but under no circumstances will Lexsure (or the Conveycentric Team) submit an application to Sainsbury's Bank directly or via their preferred panel manager. Any reinstatement application will have to be made by your firm. For the avoidance of doubt, Lexsure (or the Conveycentric Team) are in no way involved in managing the Sainsbury's Bank conveyancing panel.